GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) Trading Down 3.2% – What’s Next?

Shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) dropped 3.2% during trading on Thursday . The company traded as low as $1.67 and last traded at $1.80. Approximately 1,012,472 shares were traded during trading, an increase of 3% from the average daily volume of 986,658 shares. The stock had previously closed at $1.86.

GraniteShares 2x Long MSTR Daily ETF Price Performance

The stock’s 50-day moving average is $2.17 and its two-hundred day moving average is $6.58.

Hedge Funds Weigh In On GraniteShares 2x Long MSTR Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long MSTR Daily ETF stock. StoneX Group Inc. purchased a new position in shares of GraniteShares 2x Long MSTR Daily ETF (NASDAQ:MSTP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,216 shares of the company’s stock, valued at approximately $36,000. StoneX Group Inc. owned approximately 0.63% of GraniteShares 2x Long MSTR Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

GraniteShares 2x Long MSTR Daily ETF Company Profile

GraniteShares ETF Trust – GraniteShares 2x Long MSTR Daily ETF is an exchange traded fund launched by GraniteShares Inc The fund is managed by GraniteShares Advisors LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services sectors. It uses derivatives such as swaps and options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.